ESP Income completes the sale of Dublin Hotel
- On July 30, 2018
- By GrowthInvest Admin
On behalf of Stellar Asset Management Limited, JLL has advised on the successful sale of the internationally branded ibis Dublin Hotel, located just off the Red Cow Roundabout, at Ireland’s largest motorway intersection.
The property has been sold to Propiteer Ibis Red Cow Limited, for a price in excess of €14.0M. Propiteer is a leading Irish and UK property investor, with extensive real estate and hotel holdings across Europe.
The recently refurbished 150 guestroom hotel, which was sold subject to an existing franchise agreement with Accor, will continue to be successfully managed by Interstate Hotels & Resorts.
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